News
A Greek Tragedy – Or Is It?
Elections in France and Greece over the weekend and, in the UK, last Thursday, have changed the political landscape across Europe and may be the beginning of the end of the Eurozone as we currently know it. In a nutshell, anti-austerity won the day.
Distressed Assets – An Opportunity Amongst The Gloom
I was interested to note that the subject matter of my newsletter of 2 weeks ago regarding Detroit property investment was taken up five days later by the Financial Times and others. Here’s me thinking that only my mother reads these missives!
Repossessed Property – The Holy Grail?
The on-going Credit Crunch, recession (de facto) and sovereign debt crisis have given rise to a new class of buy-to-let property investor, which I call the ‘repossession chaser’ after the lawyers who follow ambulances in the hope of welcoming a new client as he is rushed into A&E on a stretcher to make a quick buck out of their misery. Is this analogy fair?
Property Investment Scam – Detroit
I heard over the weekend that a lot of investors, buying through a UK based property company, have allegedly lost their money in a property investment scam in Detroit USA. It reminds me very much of a similar scam in the UK in 2003 run by Gateshead-based Practical Property Portfolio (PPP). This company recruited investors with at least £18,000 cash with promises of guaranteed returns of 15% a year from refurbishing and letting buy-to-let properties in the North East. Like the Detroit scam, it appeared at the time to be too good to be true.
Where To Find Half Price Investment Properties?
We continue to see a wide gulf between prices in the South and those further afield, dare I say it, north of the M25. Investor fixation with London remains, but as prices are forced up through enthusiasm and the sheer weight of cash (often foreign), many investors are missing fantastic opportunities elsewhere.
UK Property A Global Hotspot For Investors
We’ve had a busy week at Bold Spirit taking enquiries from as far afield as Australia, India and the Middle East to a bit closer to home, about 300m from our central Liverpool offices. All of the enquirers are seeking income (with security) from property investment in the UK.
Top 10 Websites and London Meeting
It was a surprise and a pleasure to open The Daily Telegraph property supplement last weekend to find that my personal twitter account had been included in ‘The top ten property sites for tweeters.’ The top ten included household names such as Phil Spencer, Grant Shapps, Kirstie Allsopp and Martha Stewart and one or two of us lesser known mortals.
Come and Meet Us at the Institute of Directors – London
For many years we have held seminars and face-to-face meetings with investors in the UK as well as overseas. The next opportunity to meet us will be at the Institute of Directors, Pall Mall, London, on Wednesday 14th March 2012.
Meetings are by appointment only and will be during the day.
A Surge in Buy-to-Let
I have just arrived at Bold Spirit House having viewed a property this morning which didn’t sell in a recent auction. I was not the only person viewing the property and some people turned up with their trusty builder in tow to get an instant quotation for the renovation, others with their partners and just me.
Receivership Properties at 14% Yield
We’ve had a busy start to the year with visits to our offices in Liverpool by an investment company based in Hong Kong and also one based in Johannesburg in addition to a series of UK based investors.
